BitFuFu Inc. (NASDAQ:FUFU - Get Free Report)'s share price was up 8.1% during trading on Thursday . The stock traded as high as $5.35 and last traded at $5.35. Approximately 79,635 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 195,732 shares. The stock had previously closed at $4.95.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright restated a "buy" rating and set a $7.00 target price on shares of BitFuFu in a research report on Monday, December 9th.
View Our Latest Analysis on BitFuFu
BitFuFu Stock Up 13.1 %
The business has a fifty day simple moving average of $5.21 and a 200 day simple moving average of $4.76. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.88.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in shares of BitFuFu by 14.0% during the third quarter. Jane Street Group LLC now owns 16,153 shares of the company's stock worth $65,000 after buying an additional 1,984 shares in the last quarter. XTX Topco Ltd purchased a new stake in BitFuFu during the 3rd quarter valued at about $107,000. Finally, Wellington Management Group LLP acquired a new stake in BitFuFu in the 3rd quarter valued at about $110,000. 37.26% of the stock is owned by institutional investors and hedge funds.
About BitFuFu
(
Get Free Report)
BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.
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